Learning from America’s farmers and the smart farm financial management decisions they make.
There are numerous variables farmers can’t control like the weather, commodity prices, disease, and pests. However, as your premier land lender, AgAmerica advocates that farmers instead think about the variables they can control: contracts, crop insurance, planting mix, machinery, and scheduled repairs. “It’s smart to pro-actively manage risks,” Bryce Philpot, AgAmerica Lending SVP/Co-owner, observes. “We believe this to be true: you really can’t underestimate the power of planning.” To explore the challenges behind a farmer’s decision-making process, the AgAmerica team surveyed growers from across the country to learn what sources they count on to research their most critical decisions, especially those of a financial nature (buying land, taking out a loan, selecting a bank, etc.) and how that process works within agribusinesses today. Review the top 10 takeaways from this research survey below.